#BRENT intraday forecast (technical side) 2016-05-27

27 May 2016, 03:35
oleksandr bilokon
0
13

Chart: https://bi0l.blogspot.com/2016/05/brent-intraday-forecast-technical-side_26.html

 Calculated level for today:

Support (S1 / S2 / S3 = 49,80 / 49,53 / 49,10), resistance (R1 / R2 / R3 = 50,65 / 50,92 / 51,34).

Key support levels (1st from 49.57 to 50.22 at the end of the day, the 2nd of 49.06 to 49.58).

Indicator OsMa marked increase in activity bears, which provides a basis for planning trading operations for today correction.

Given the state oscillators Stochastics, expect a test levels (R1 W1 broken, S1), where it is recommended to consider the activities of the parties on the charts of smaller timeframes.

For short-term buying on condition of formation of reversal (R1 W1 broken, S1) target levels are: (R1, R2, R3).

For sales, on condition of formation of reversal from these levels (R1), goals are level (S1, S2), and provided the following breakdown (up H4) and 2 to key levels (S3, R1 MN).

 

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